Adam has a monthly income of $20 that can be spent on books (B) and pencils (P).The price of a book is $5 and the price of a pencil is $0.50.The equation for Adam's daily budget constraint can be written as:
A.5(B) + 0.50(P) ≤ 20
B.0.50(B) + 5(P) ≤ 20
C.20(B) + 0.50(P) ≤ 5
D.0.50(B) + 20(P) ≤ 5

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The Answer of Adam has a monthly income of $20 that can be spent on books (B) and pencils (P).The price of a book is $5 and the price of a pencil is $0.50.The equation for Adam's daily budget constraint can be written as:
A.5(B) + 0.50(P) ≤ 20
B.0.50(B) + 5(P) ≤ 20
C.20(B) + 0.50(P) ≤ 5
D.0.50(B) + 20(P) ≤ 5

Adam Has a Monthly Income of $20 That Can Be